AgriNovus Indiana

It’s May in Indiana and major headlines abound as The Greatest Spectacle in Racing coupled with the Global Economic Summit (GES) put the state on the world’s stage – for racing spectators and innovators alike. Today, Mitch Frazier and Cayla Chiddister recap the month including major news in the agbiosciences from Elanco, Purdue, Elevate Ventures and Traction Ag. &nbsp; Elanco and Purdue announced a OneHealth Innovation District as part of the company’s new campus west of downtown Indianapolis. The facility is designed to deliver and scale up innovation where industry and academia can collaborate including office, wet lab and incubator space. Elanco plans to also contribute up to $2M of initial funding to jumpstart a new Animal Health Ventures Fund to support early-stage innovators, in close coordination with the Indiana Economic Development Corporation (IEDC), to take advantage of available tools and programs that support startup activity in this space.&nbsp; From GES it was also announced that Elevate Ventures will launch a new $100M fund focused on cross-sector innovation driven growth stage companies with a $500M total addressable market (TAM) or greater. The fund will commence formation in late Q2 with targets to make first investments in 2025.&nbsp;Traction Ag also announced a $10M Series A round led by Cooperative Ventures and joined by Plymouth Growth and existing investors. The investment was designed to support platform development and business growth.&nbsp;

It’s May in Indiana and major headlines abound as The Greatest Spectacle in Racing coupled with the Global Economic Summit (GES) put the state on the world’s stage – for racing spectators and innovators alike. Today, Mitch Frazier and Cayla Chiddister recap the month including major news in the agbiosciences from Elanco, Purdue, Elevate Ventures and Traction Ag.  

Elanco and Purdue announced a OneHealth Innovation District as part of the company’s new campus west of downtown Indianapolis. The facility is designed to deliver and scale up innovation where industry and academia can collaborate including office, wet lab and incubator space. Elanco plans to also contribute up to $2M of initial funding to jumpstart a new Animal Health Ventures Fund to support early-stage innovators, in close coordination with the Indiana Economic Development Corporation (IEDC), to take advantage of available tools and programs that support startup activity in this space. 

From GES it was also announced that Elevate Ventures will launch a new $100M fund focused on cross-sector innovation driven growth stage companies with a $500M total addressable market (TAM) or greater. The fund will commence formation in late Q2 with targets to make first investments in 2025. 

Traction Ag also announced a $10M Series A round led by Cooperative Ventures and joined by Plymouth Growth and existing investors. The investment was designed to support platform development and business growth. 

302. Mitch Frazier on Elanco + Purdue defining a new era of OneHealth, new funds launched and Traction Ag on the move

This weekly podcast dives into the agbioscience sector, where agriculture, life sciences innovation and cutting-edge technology converge. Agbioscience is an in-depth conversation with leaders, innovators and entrepreneurs across food, animal health. plant science and agtech. Learn more about industry innovation and where it's heading from those leading the way.

Discover the journey of Salena Scardina, from her start at McDonald's Corporation to becoming the Chief Marketing Officer of the Indiana Economic Development Corporation, and her mission to redefine Indiana's global brand. In this episode of Agbioscience, Salena shares her insights on the customer experience, the power of understanding your audience and the innovative promise of Indiana's economy looking toward the future. Dive into the discussion on how Indiana is boldly claiming its place on the world stage, thanks to strategic branding and a deep commitment to innovation in agriculture, technology and touting what we do best – work together to achieve big outcomes.&nbsp;